Top 3 Gaming Cryptos Coins by Market Cap

• Gaming crypto coins are those that allow investors a chance to play the game and earn.
• Internet Computer, Immutable X, and Render were the top-performing gaming coins over the past month.
• The gaming coins currently hold a market cap of $18,655,702,005 with a trading volume of $ 3,670,307,845 as of 6 December 2023, according to CoinMarketCap.

The gaming crypto coins are specifically designed so that they allow the investors a chance to not only play the game but also enjoy it. The play-to-earn gaming industry has been witnessing a lull for some time, with many terming it the end of the concept. But of late, there has been a buzz in the token, which has revived the interest in the tokens. These digital tokens can be integrated into gaming platforms, enabling users to make in-game purchases, trade virtual assets, and participate in various gaming-related activities.

As a result, the overall market cap of the gaming coins has witnessed a spike of 1.65% and currently holds a market cap of $18,655,702,005 with a trading volume of $3,670,307 845 as of 6 December 2023, according to CoinMarketCap.

What are the critical features of gaming crypto coins?

The gaming crypto coins work through a series of features. Some of them include:  

In-Game Transactions: Users can use gaming crypto coins to buy in-game items, characters, or other virtual assets. This provides a decentralized and secure way to conduct transactions within the gaming ecosystem.

Blockchain Technology: Many gaming crypto coins are built on blockchain technology, providing transparency, security, and immutability to in-game transactions. Blockchain ensures that the ownership and history of virtual assets are recorded transparently.

Tokenization of Assets: Some gaming cryptocurrencies use non-fungible tokens (NFTs) to represent unique in-game assets. NFTs are indivisible tokens representing ownership of specific digital items, such as rare weapons, skins, or characters.

Decentralized Ownership: By utilizing blockchain technology, gaming crypto coins allow players to have actual ownership of their in-game assets. This means players can trade or sell virtual items outside the game’s ecosystem.

Gaming Ecosystem Integration: These cryptocurrencies are often designed to be seamlessly integrated into gaming platforms, making it easy for developers to incorporate them into their games.

Which are the top-performing gaming crypto coins today?

As mentioned before, the gaming crypto coins have been gaining momentum for some time, with the likes of Internet Computer (ICP), Immutable X (IMX), and Render (RNDR) registering big gains over the past month or so. CoinCryptoverse looks at the top five gaming coins that have witnessed green.

Internet Computer (ICP)

The Internet Computer blockchain is primarily crypto, which aims to redesign blockchain in the form of cryptography radically. As the first “World Computer”, the ICP blockchain can be used to build almost any online system or service, including demanding web social media, without the need for traditional IT such as cloud computing services.

The ICP crypto has been on a rising trend over the past month, registering gains of over 25% over the past month. As of today, the ICP crypto was trading at $5.08 with a 24-hour trading volume of $7,47,41,641. The Internet Computer witnessed a 2.25% gain over the past 24 hours and held a live market cap of $2,28,54,42,862.

Immutable X (IMX)

Built on top of the Ethereum platform, the Immutable X crypto (IMX) places itself as a layer-two scaling solution for NFTs. The IMX resolves Ethereum’s limitations of low scalability, a poor user experience, illiquidity, and a slow developer experience by offering instant trading and massive scalability. Due to its ability to mint at zero gas fees and trading NFTs features, it ensures user or asset security.

Due to this, users can create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Over the past month, IMX crypto has witnessed gains of over 59.9%, and today, it was trading at $1.42 with a 24-hour trading volume of $16,01,18,678. At the time of writing, the IMX token witnessed gains of 1.70% with a live market cap of $1,82,67,80,521.

Render (RNDR)

Render Token (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain. Render offers the artists and studio owners a platform to connect. It is developed in 2009 by OTOY, inc. CEO Jules Urbach launched in 2017 and first held its public token sale in October 2017.

The Render token, too, has been rolling a few heads as it managed to register gains of over 61% over the past month. The token on 6 December was trading at $3.82 with a 24-hour trading volume of $13,59,00,714. The RNDR token rallied 7.79% in the last 24 hours and held a live market cap of $1,42,06,99,993.

Disclaimer

The information discussed by CoinCryptoverse does not offer any financial advice. This is for educational, entertainment, and informational purposes only. Trading in cryptocurrencies involves high risks, including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are highly volatile and may be affected by external factors such as financial, regulatory, or political events.